Bitcoin has not priced in potential Democratic midterm victory, Hilbert CIO warns
Hilbert Group's Russell Thompson sees election risks as Bitcoin tests $77,000 support following the Binance hack.
BitMine Immersion Technologies has reported that its Ether (ETH) holdings have reached 6.06 million tokens, part of $14.5 billion in crypto, cash, and marketable securities. Bitcoin treasury firm Strive has also disclosed that it bought a modest 124 BTC into its treasury, lifting its stack to 43,124 BTC.
TL;DR Brazil-based Mercado Bitcoin suspended deposits and withdrawals after suspicious transfers affected wallets across at least 10 blockchain networks. Security researchers estimate that more than $40 million in crypto assets moved to new addresses. The exchange says it contained the incident, with no customer harm or data breach reported.
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November 2, 2026, 6:04 pmHilbert Group's Russell Thompson sees election risks as Bitcoin tests $77,000 support following the Binance hack.
Bitcoin slipped below $77,000 on Monday, despite Binance’s announcement that it had fully replenished assets lost in the recent hack using its own funds. Another, albeit much smaller crypto exchange hack also popped up on Monday.
Bitcoin's resilience amid market turmoil suggests a potential decoupling from traditional risk assets, indicating evolving investor behavior.
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, said Monday that it had halted deposits and withdrawals following a “security incident.” A prominent analyst pegged the damages at $46 million worth of crypto and counting across numerous chains, including Bitcoin and Ethereum.
Bitcoin Magazine Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million Brazil’s largest crypto exchange Mercado Bitcoin says customers suffered no losses, but it has not said how much was taken or when it will reopen.
The Brazilian exchange paused deposits and withdrawals after wallets on at least 10 chains were emptied, days after the $6.3 billion Binance hack.
TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed. U.S.
Mercado Bitcoin (MB), Brazil’s largest crypto exchange, has been hacked, according to multiple blockchain reports. The exchange itself confirmed the incident and has temporarily suspended deposits and withdrawals. Blockchain security firm Hypernative estimates $40 million in losses from the exchange’s wallets.
Bitcoin is heading into America’s midterm elections with a problem. Wall Street is pulling money out, traders are betting on further losses, and the world’s largest crypto exchange is recovering from a record $6.3 billion hack. The November 3 vote could now add another layer of uncertainty to an already nervous market.